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Quantitative Risk Analyst
3 weeks ago
**THE JOB AT A GLANCE**
**WHAT WILL YOU DO?**
- Implementation, compliance to and where relevant enhancement of the risk management framework and related policies.Support the CRO with developing a clear risk strategy to manage
- The identification or risks and desired outcomes
- The quantifiable limits to risks
- The risk vs rewards trade-offs with respect to risk appetites
- Decisions around which risks should be retained and which should be mitigated and controlled
- The cost and resources available to manage risks and which mitigation options will be cost effective
- Development, implementation or enhancement of current risk methodologies, techniques as well as the maintenance of risk inventories.
- Define the situation that is being considered and which stakeholders are of relevance in order to clarify the perspective and timescale from which risk is being studied.
- Assess what the potential positive and negative implications of each risk looks like.
- Discuss risks with the stakeholders and gather other experts’ views of known and emerging risks.
- Gather robust and relevant data/information on the risk and build an accurate picture of the drivers for risks and their likelihood and potential impact.
- Study all risks together holistically, so that interactions between risks can be understood as much as possible.
- Assess the connection between risks and carry out careful analysis and interpretation of the factors that can cause and exacerbate risk events.
- Use mathematical and statistical models to explore the dynamics between various risks as well as scenarios in which several risks materialise together and provide an indication of the potential consequence of such interactions.
- Develop risk and stress testing models and assess risk impact and implication
- Produce and use models to examine both the expected outcome as well as those that lie in the “tails.”
- Conduct a sensitivity analysis by completing the modelling using other plausible inputs to understand the implications for the likely outcomes over the full time-horizon of interest.
- Use stress testing and scenario analysis to test RMA’s resilience to particular risks and the connectedness of the risks that the company is exposed to
- Challenge prior assumptions about the way a system will run, and to see whether they still hold.
- Gather a wide range of interpretations of historic data and consult with various experts about the possible patterns of future experience.
- Supporting and advocating of the embedment of a Risk Culture in RMA.
- Devise and implement risk mitigations and controls to reduce ongoing risks.
- Monitor risks through regular scanning of the horizon to identify potential risks as soon as they emerge.
- Enhancement of the risk management culture within RMA
- Supporting the Risk function and CRO Office with projects and enhancing reporting
- Support the CRO Office by producing high quality reports
- Support with ad-hoc projects that are to be completed by the CRO Office.
**WHAT YOU'LL BRING TO THE TABLE?**
Minimum Qualification
- NQF Level 7: Bachelor’s Degree or similar relevant qualification that enables Quantitative Risk Management E.g. Actuarial Science, Applied Mathematics, CFA.
Minimum Experience
- 6 plus years’ relevant quantitative modelling and risk management experience.
Knowledge and Skills required
- Clear and concise reporting suitable for executive level consumption
- Creating Dashboard and/or visual interface
- Exceptional verbal and persuasive communication skills
- Stakeholder engagement
- Actuarial modelling
- Life insurance & Workmen’s compensation knowledge an advantage
- Risk management an advantage
**WHAT WILL YOU GET IN RETURN?**
We offer great opportunities for personal and professional development in a stable company that’s 130 years strong. The role comes with a competitive salary package and various benefits. Flexible work arrangements (combination of remote and in the office). Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration.
**Turnaround time**
**Our Commitment to transformation**:
Minimum Qualification
- NQF Level 7: Bachelor’s Degree or similar relevant qualification that enables Quantitative Risk Management E.g. Actuarial Science, Applied Mathematics, CFA.
Minimum Experience
- 6 plus years’ relevant quantitative modelling and risk management experience.